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Archive for June, 2014

June 30th, 2014

PVM Midday Report 30 June 2014

Headlines

Eurozone inflation unchanged at 0.5% in June
German retail sales dip unexpectedly 0.6% in May from April
Russian gas flows bound for the EU via Ukraine normal
UK mortgage approvals slip to…


June 30th, 2014

Political instability in Eastern Europe persists

Last week was characterised by disappointing economic data and helped US stock markets retreat from their all-time highs. The most significant revelation was undoubtedly the huge downward revision of US…


June 30th, 2014

Valid downside targets on both contracts

None of the contracts had a particularly good week as they drifted lower and finished the period in negative territory. The nearest downside objectives have not been hit but the…


June 30th, 2014

Vulnerable – Watch RBOB’s 13 day around 306.71

The contracts look in trouble. All, bar RBOB, closed below the critical 13 day MAs on Friday. This is not good and green lights tentative targets south to 104.30 WTI;…


June 27th, 2014

PVM Midday Report 27 June 2014

Headlines

Iraqi government forces launch attacks against insurgents in Tikrit
Eurozone economic sentiment unexpectedly dips in June
Italian manufacturers’ confidence hits three-year high in June
French consumer spending rises 1% in May from April

Fundamentals
Economy:…